Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price decreased by Barclays from C$46.00 to C$45.00 in a research note released on Tuesday morning.
A number of other equities analysts have also recently weighed in on IMO. GMP Securities decreased their price objective on Imperial Oil from C$38.00 to C$37.00 in a report on Monday. JPMorgan Chase & Co. decreased their price objective on Imperial Oil from C$46.00 to C$42.00 in a report on Monday. CIBC decreased their price objective on Imperial Oil from C$41.00 to C$35.00 in a report on Friday, February 1st. Raymond James reissued an underperform rating and set a C$44.00 price objective on shares of Imperial Oil in a report on Monday. Finally, BMO Capital Markets reissued a market perform rating and set a C$48.00 price objective on shares of Imperial Oil in a report on Thursday, November 8th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Imperial Oil presently has a consensus rating of Hold and an average price target of C$42.07.
Shares of TSE IMO opened at C$36.13 on Tuesday. The stock has a market cap of $28.64 billion and a P/E ratio of 12.63. The company has a debt-to-equity ratio of 21.64, a quick ratio of 0.81 and a current ratio of 1.20. Imperial Oil has a 1-year low of C$33.43 and a 1-year high of C$44.91.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 4th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, March 1st. This represents a $0.76 dividend on an annualized basis and a yield of 2.10%. Imperial Oil’s dividend payout ratio (DPR) is currently 24.48%.
Imperial Oil Company Profile
Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2017, this segment had 450 million oil-equivalent barrels of proved undeveloped reserves.
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